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Citing a team source, NFL.com's Ian Rapoport reported Wednesday that the Falcons offensive coordinator and NFL head-coaching candidate has signed a contract extension with Atlanta. The Falcons later confirmed Koetter would remain with the team.

It's possible Koetter didn't like his chances of winning a job and chose a sure thing with the Falcons. He'll continue to work with quarterback Matt Ryan and an offense that turned up the volume in 2012.

Koetter is a well-respected offensive mind who helped the Falcons turn out a franchise-record 281.8 passing yards per game en route to grabbing the NFC's top playoff seed.